Search results
Results from the WOW.Com Content Network
More than 30 years of deregulation and reliance on self-regulation by financial institutions, championed by former Federal Reserve chairman Alan Greenspan and others, supported by successive administrations and Congresses, and actively pushed by the powerful financial industry at every turn, had stripped away key safeguards, which could have ...
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by Congress and signed into law by President George W. Bush on 3 October 2008.
The debate concerns both immediate responses to the ongoing subprime mortgage crisis, as well as long-term reforms to the global financial system.During 2008–2009, solutions focused on support for ailing financial institutions and economies.
NerdWallet is a platform that brings together financial tools to help people make smarter decisions. Many paid tools and resources support the NerdWallet brand. The company's revenues have been...
Headquarters of AIG, an insurance company rescued by the United States government during the subprime mortgage crisis "Too big to fail" (TBTF) is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and therefore should be supported ...
For much of the decade following the global financial crisis, global safe haven assets were in short supply as the supply of safe assets only marginally exceeded demand from official institutions.
The Financial Crisis Inquiry Commission (FCIC) was established in 2010 to investigate the causes of the financial crisis of 2007–2008. [1] The Commission, [2] led by Phil Angelides, held public hearings, gathered testimony from hundreds, and released its report in January 2011.
The major causes of the initial subprime mortgage crisis and the following recession include lax lending standards contributing to the real-estate bubbles that have since burst; U.S. government housing policies; and limited regulation of non-depository financial institutions. Once the recession began, various responses were attempted with ...